UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39405 MarketWise, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 87-1767914 (State or other jurisdiction of incorpor ...

BALTIMORE, May 03, 2024 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ:MKTW) ("MarketWise" or "the Company"), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today announced that its Board of Directors declared a quarterly cash dividend to holders of Class A common stock of $0.01 per share. A comparable distribution of $0.01 per unit has also been approved to holders of MarketWise, LLC units. The ...

MarketWise Inc. To the Shareholders of MarketWise, Inc.: Since I last wrote, an unfortunate series of events has unfolded at a business unit within our company. A former employee of one of our subsidiaries was criminally charged by federal prosecutors last month. According to the charges, from December 2019 through August 2021, Jon Mikula was surreptitiously receiving large payments for recommending low-quality stocks to subscribers of Palm Beach Venture, while claiming falsely that his work was independent ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39405 MarketWise, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdiction of incorporation or organization) 11 ...

The best way to earn our customers' trust is to deserve it. That's why we have long insisted on testing our good intentions with track records that we review and publish. And that's why we routinely cancel publications that can't meet basic performance standards. We won't publish investment research that we don't believe is useful and reliable. Our culture of putting the subscribers first – even if doing so harms our revenues (in the short term) or even when doing so may put us in jeopardy of offending powe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39405 MarketWise, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdiction of incorporation or organiz ...

• Incremental Paid Subscribers Total Revenue 128,014 103,644 -19% | --- | --- | |-------|-------| | 2Q22 | 2Q23 | | | | | | | | | | | 0% | 1% | | 0% | 1% | | 1% | 2% | | | | Our high-value Membership subscribers continue to add to the recurring revenue stream Appendix Income Tax Expense/(Benefit) 1,040 427 -59% 2Q23 Investor Presentation 2 The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" ...

MarketWise, Inc. (NASDAQ:MKTW) Q2 2023 Earnings Conference Call August 10, 2023 11:00 AM ET Company Participants Jonathan Shanfield - Vice President, Investor Relations Amber Mason - Chief Executive Officer Stephen Park - Interim Chief Financial Officer Lee Harris - Senior Vice President, Financial Planning & Analysis Conference Call Participants Kyle Peterson - Needham Michael Falco - JMP Securities Chad Larkin - Oppenheimer Alex Kramm - UBS Operator Thank you for standing by, and welcome to the MarketWise ...

Subscriber Metrics - As of June 30, 2023, MarketWise had 750,287 Paid Subscribers, a decrease of 148,000 or 16.4% compared to 898,000 Paid Subscribers on June 30, 2022[129] - Free Subscribers increased by 1,000,000, or 6.5%, to 15,948,652 as of June 30, 2023, compared to 14,972,985 a year earlier[145] - Active Free Subscribers decreased by 0.4 million, or 9.5%, to 3.9 million as of June 30, 2023, compared to 4.3 million a year earlier[145] - Total Paid Subscribers decreased by 148 thousand, or 16.4%, to 750 thousand as of June 30, 2023, compared to 898 thousand at June 30, 2022[148] - Total Paid Subscribers decreased by 27 thousand, or 3.5%, to 750 thousand as of June 30, 2023, compared to 777 thousand as of March 31, 2023[149] Revenue and Financial Performance - Net revenue for Q2 2023 was $103.6 million, a decrease of $24.4 million or 19.0% from $128.0 million in Q2 2022, primarily due to a $15.6 million decrease in term subscription revenue and an $8.4 million decrease in membership subscription revenue[183] - For the six months ended June 30, 2023, net revenue was $229.9 million, a decrease of $34.9 million or 13.2% from $264.8 million in the same period of 2022, driven by a $23.3 million decrease in term subscription revenue[190] - Billings for the three months ended June 30, 2023 were $96,170,000, representing an 18.2% decline from $117,507,000 in the same period of 2022[143] - Billings decreased by $21.3 million, or 18.2%, to $96.2 million for the three months ended June 30, 2023, compared to $117.5 million for the same period in 2022[157] - The company experienced a significant decrease in membership subscription revenue due to lower volumes in current and prior years, impacting overall revenue performance[192] Customer Acquisition and Marketing - MarketWise's LTV/CAC ratio was approximately 2.0x, indicating a focus on efficient and profitable customer acquisition[127] - The company aims for a 90-day payback period on marketing spend to ensure efficient customer acquisition[128] - MarketWise's marketing strategy includes a mix of direct-to-paid acquisition and free-to-paid conversions, with direct-to-paid accounting for approximately two-thirds of annual Paid Subscriber acquisition since 2019[129] - The average monthly churn rate as of June 30, 2023, was near the higher end of the range of 1.8% to 2.7% observed between 2020 and 2022[150] - The payback period for subscriber acquisition costs was estimated at 1.5 years for the year ended December 31, 2022, reflecting increased customer acquisition costs[154] Operating Expenses - Total operating expenses for Q2 2023 were $94.7 million, down $9.9 million or 9.5% from $104.6 million in Q2 2022, with significant reductions in sales and marketing expenses by $16.0 million or 24.6%[186] - Total operating expenses for the six months ended June 30, 2023 were $190.4 million, a decrease of $33.7 million or 15.0% from $224.0 million in the same period of 2022[194] - General and administrative expenses increased by $7.3 million or 35.7% in Q2 2023 compared to Q2 2022, primarily due to increases in sales and franchise taxes and incentive compensation[189] - Research and development expenses remained relatively stable, with a slight increase of $0.1 million or 2.6% in Q2 2023 compared to Q2 2022[186] Cash Flow and Liquidity - Adjusted cash flow from operations (CFFO) for Q2 2023 was $29.0 million, an increase of 8.2% from $26.8 million in Q2 2022, with an adjusted CFFO margin of 30.1%[201] - Adjusted CFFO for the three months ended June 30, 2023, was $28.978 million, an increase of 8.2% from $26.794 million in the same period of 2022[206] - Net cash provided by operating activities for the six months ended June 30, 2023, was $32.846 million, up 17.9% from $27.862 million in 2022[227] - The net cash provided by operating activities margin increased from 10.5% for the six months ended June 30, 2022, to 14.3% for the same period in 2023[209] - Cash flow from operations increased by $5.0 million, or 17.9%, for the six months ended June 30, 2023, primarily due to net income adjustments[209][228] Shareholder Returns and Dividends - On May 11, 2023, the Board declared a cash dividend of $0.01 per share, totaling $0.4 million for Class A common stockholders[233] - The total amount of the distribution payment to common unit holders was approximately $2.9 million[233] - The company did not repurchase any shares during the three months ended June 30, 2023, but has repurchased a total of 2,984,987 shares since the program's inception[221] Deferred Revenue and Future Expectations - Deferred revenue as of June 30, 2023, was $628.4 million, with $288.4 million expected to be recognized as net revenue over the next 12 months[217] - The company expects operating cash flows to improve as operational efficiency increases and economies of scale are realized[215] - The company anticipates that net revenue will fluctuate due to the timing and mix of term and membership subscriptions[161] Accounting Policies - Management believes that "Revenue Recognition" and "Transactions and Valuation of Goodwill and Other Acquired Intangible Assets" are critical accounting policies for understanding financial condition[236]

MarketWise, Inc. (NASDAQ:MKTW) Q1 2023 Earnings Conference Call May 11, 2023 11:00 AM ET Company Participants Jonathan Shanfield - VP, IR Amber Mason - CEO Stephen Park - Interim CFO Lee Harris - SVP, Financial Planning & Analysis Conference Call Participants Kyle Peterson - Needham Jason Helfstein - Oppenheimer Operator Thank you and welcome to the MarketWise First Quarter 2023 Earnings Call. During today’s presentation, all parties will be in a listen-only mode. Following the presentation, the conference ...